Grand National each-way betting explained and how many places pay out winnings
It's the most famous horse race in the world with hundreds of millions of people expected to watch the Randox Grand National 2024 on Saturday.
As well as just betting on the winner bookmakers also also allow each-way bets - which gives people the chance to win cash even if their horse does not finish first.Instead, you're betting on it to finish among the top handful of places, the specific number of which are determined by the bookmakers However, if you bet each-way, you're actually making two bets with the bookie. It's one bet that the horse will finish first and another that it will come in the determined number of places that the bookie pays out on. So, for example, if you bet £1 each-way, you've made two bets, which overall will cost you £2.
In addition, if the bookies offer 1/4 the odds for a place, then you'll get another £3 plus your £1 stake. If your horse finishes placed but doesn't win, you'll just get your £3 returns and your £1 stake back.
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